Next Week

November 5, 2010

The main event in the week to November 12 will be the summit of G20 leaders in Seoul on Thursday and Friday.  The U.S. and Canadian markets respectively observe Veterans Day and Remembrance Day commemorating the Armistice that ended the First World War 92 years ago.  Sweden is closed on Tuesday.  On November 7, Greece holds regional and local electionsCentral banks in Turkey and Malaysia hold policy meetings.  The Bank of England releases its quarterly Inflation Report on Wednesday, and the ECB Bulletin will be published on Thursday.  Canada and the United States revert to Standard Time on Sunday, November 7, from Daylight Savings Time.

Japan has a rather larger calendar of scheduled data releases covering the trade and current accounts, the indices of leading and coincident economic indicators, money and bank lending growth, machinery orders, machine tool orders, bankruptcies, the economy watchers index, consumer confidence, the Reuters Tankan indices, and corporate goods prices.

The initial estimates of third-quarter GDP growth figures get released next Friday for the euro area, Germany, France, Spain, Holland and many other continental European economies.  Scheduled monthly euro area indicators include investor sentiment, consumer prices and industrial production.  Germany releases industrial production, the trade and current account surpluses, and final consumer prices.  France and Italy also report industrial output.  Other French data will cover business sentiment, trade, the budget, consumer prices, and consumer confidence.

Upcoming British releases involve industrial production and factory output, the Nationwide consumer confidence index, the NIESR monthly GDP estimate, the trade deficit, same-store retail sales, and the RICs house price index.  Switzerland reports unemployment and consumer confidence.  Norway and Sweden each release producer and consumer price data, and Sweden also announces the latest figures on industrial orders.

The United States will be released trade figures, import prices, the monthly budget, the preliminary U. Michigan consumer sentiment index, the IBD/TIPP optimism index, and wholesale inventories, plus weekly figures covering energy inventories, jobless insurance claims, chain store sales, consumer confidence, and mortgage applications.

Canada reports housing starts, home prices, and trade data.  Mexico and Brazil release consumer prices. 

Releases down under will cover New Zealand home prices, credit card spending, food prices and home sales, as well as Australian job ads, business confidence and conditions, consumer confidence, inflation expectations and the monthly labor force survey.

China releases its slate of indicators at practically the same time each month.  Trade figures will be announced Wednesday, followed by consumer prices, producer prices, retail sales, industrial production, fixed asset investment on Thursday.  Money and credit data also arrive from China.  Some other selected Asian releases next week include Taiwan’s trade, South Korean producer prices, Indian industrial production, Hong Kong GDP, and Filipino exports. 

Copyright Larry Greenberg 2010.  All rights reserved.  No secondary distribution without express permission.


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